GM Target definition
GM Target means the minimum GM mutually agreed upon by the Parties from time to time. The GM Target shall initially be mutually agreed upon by the Parties at least six months prior to the anticipated date of Product Approval.
Examples of GM Target in a sentence
Evan▇ ▇▇▇ OraVax agree to share the GM [**] except in the case that the GM achieved on sales of Product is less than the GM Target in force at the date payment is due from OraVax to Evan▇ ▇▇ which case OraVax shall retain [**] of the GM calculated in accordance with Section 5.2 and the balance shall be remitted to Evan▇ ▇▇▇vided that the amount remitted to Evan▇ ▇▇▇ll in no event be less than Evan▇ ▇▇▇t of Production at the time payment is due, plus [**] of Evan▇ ▇▇▇t of Production.